Rednal House Prices, Birmingham
Rednal is an area, located in Birmingham.
Rednal House Prices
As of June, 2024, the average house prices in Rednal are as follows:
- studio – £68,850 (0%)
- 1 bedroom flat – £115,000 (6.98%)
- 2 bedroom flat – £202,500 (-1.18%)
- 3 bedroom flat – £290,000 (-4.93%)
- 4 bedroom flat – £415,000 (0.63%)
- 5 bedroom flat – £495,000 (1.28%)
Keep in mind that these are simply the average rates for Rednal house prices, so you can find quality properties for more or less than these numbers. In addition to this month’s sold house prices in Rednal, let’s explore how sales are trending this year.
Selling Trends
- As of June, 2024, the average Rednal house price is £292,000, low by 1.85% as of £297,500 in May, 2024.
- Currently, there are 97 houses for sale and an average of 15 property sales per month. The real estate market is stable, with a good balance between properties for sale and buyer demand, resulting in stable prices.
Check back next month for updated Rednal house prices.
Rednal House Prices Growth
The average house price in Rednal over the last 5 years is as follows:
- 2019-06 – £197,973
- 2020-06 – £203,753 (2.92%)
- 2021-06 – £229,194 (12.49%)
- 2022-06 – £220,686 (-3.71%)
- 2023-06 – £249,000 (12.83%)
- 2024-06 – £260,531 (4.63%)
Sold house prices in Rednal have increased from June, 2023 to June, 2024. Compared to June, 2019, house prices are now up 31%. Thanks to this overall increase, many sellers are generating attractive profits.
In addition to checking the average Rednal house prices, it’s also wise to keep an eye on house rent prices in Rednal. If you aren’t quite ready to buy or want to purchase an investment property, it’s a good idea to stay up-to-date on the latest rent rates!
Check back to HowToEstate soon for updated prices on renting, buying, and selling property in Rednal.